Description
Content: Goldbot One EA MT4 v1.6, set files, How to install MT4 files.pdf
Introducing Goldbot One, a highly sophisticated trading robot engineered for the gold market.
With its focus on breakout trading, Goldbot One leverages both support and resistance levels to identify prime trading opportunities.
This expert advisor is crafted for traders who seek efficiency, reliability, and a strategic edge in the volatile precious metals market.
Remarkable fact: The performance of the EA in out-of-sample data is perfect in line with the in-sample data used for optimization.
The in-sample period is from 2016-2023. Out-of-sample data used for confirmation of the strategies is 2004-2016 and 2024.
In 2024, the performance was among the best in the last 20 years! Now that is a very good indicator for future performance.
Key Features:
Multi-Strategy Approach:
- 8 Variations of a winning strategy: Goldbot One runs eight different variations of the breakout strategy, each optimized for different market conditions. This diversification ensures a good spread of risk and creates a smoother growth expectation
Breakout Trading:
- Specially designed to trade breakouts, Goldbot One identifies key moments when gold prices break through established support or resistance levels, providing a chance to enter trades at potentially lucrative points.
Risk Management:
- Stop Loss and Take Profit: Each trade is protected with predefined stop loss and take profit levels, safeguarding your investment from significant downturns and locking in profits at peak times.
- Trailing Stops: The robot employs trailing stop loss and trailing take profit mechanisms, allowing it to follow the market’s trend, securing profits as the market moves favorably, and preventing losses from sudden reversals.
- Trailing Takeprofit: Trailing Take Profit: The robot also uses a smart trailing take profit algorithm that will attempt to exit a trade earlier if the price moves against the open position.
Single Trade Per Strategy:
- Goldbot One executes one trade per strategy to keep operations clean, focused, and manageable. This disciplined approach helps in maintaining strategy integrity without the complexity of multiple simultaneous trades per strategy.
User-Friendly Interface:
- Designed for both novice and experienced traders, the setup and customization of Goldbot One are straightforward. Parameters for each strategy can be adjusted to match individual risk profiles and market views.
Auto-Adaptability:
- The EA will automatically adapt to the current value of Gold. That means that if Gold should continue to rise in the future, the EA won’t need any new optimisations, but will automatically adjust all internal parameters.
Continuous Improvement:
- Regular updates are provided to adapt to changing market dynamics, ensuring that Goldbot One remains at the cutting edge of trading technology.
Why Choose Goldbot One?
- Specialized for Gold: Tailored specifically for the gold market, understanding its unique volatility and trends.
- Proven Strategy: Breakout trading is a recognized method with a history of success when applied with precision.
- Robust Risk Management: With multiple layers of protection for each trade, your capital is safeguarded.
- Simplicity and Sophistication: Easy to use yet powered by sophisticated algorithms for professional trading results.
Get Started: Unlock the potential of your gold trading with Goldbot One.
Whether you’re looking to diversify your portfolio or specialize in gold trading, Goldbot One is your automated trader, designed to navigate the gold market with precision and profitability.
Join the ranks of successful traders who trust in the golden standard of trading bots.
How to backtest the EA:
- Run backtest on XAUUSD Daily chart.
- Set “Lotsize Calculation Method” to “use Max Risk Per Strategy”
- Set Max Risk Per Strategy to “3” for low risk, “6” for medium risk or “10” for higher risk
- MT5 -> you can use “1minute OHLC” for modeling quality (the EA only used 1 minute OHLC information anyways internally)
- MT4 -> use “every tick” for modeling quality
- Set a minimum period of one year for backtesting. This is a longterm strategy. The longer the period, the more the stability of the EA will come forward.
How to set up the EA for live trading:
- enable “AlgoTrading” in your MT5 (“AutoTrading” in MT4)
- you must add the URL “https : // www . worldtimeserver.com/” (remove spaces!!) to the “allowed URL’s” in your MT4/MT5 terminal (tools -> options -> expert advisors)
- Open XAUUSD Daily Chart
- Set “Lotsize Calculation Method” to “use Max Risk Per Strategy”
- Set Max Risk Per Strategy to “3” for low risk, “6” for medium risk or “10” for higher risk, or simply load the set files.
